It’s the dawn of a new era in pensions. The new government in May ushered in a change of guard, and new ministers. But what can we expect in the next 12 months?

The good news for the new pensions minister is that the learning curve is all about Westminster, and less about the subject matter. Ros Altmann already has a sound knowledge about pensions. But she is just one cog in the pension policy wheel and cannot control its destination on her own. So much depends upon the Treasury. A good example of this, is my first likely pension change.

September 18, 2017

For many years, the numbers of people shopping around for the best deal at retirement has been shockingly low. A great many people have lost out by taking the annuity on offer from their holding provider rather than look for a better deal. The advent of pension freedom means more people are now using income…

September 18, 2017

One of the key findings of the FCA’s recent ‘Retirement Outcomes Review: interim report’ was the increased take-up of income drawdown. When considering the history of drawdown it’s significant to remember it was initially also described as ‘annuity deferral’. At the very beginning drawdown was available until age 75 and then an annuity had to…